Ann: Notice of initial substantial holder from IGO,IGO-ABU.AX, page-8

Newmount is up 4.5% today...that's 782M ...in a few hours.

The big US miners sold out of Australia dramatically a few years ago. They have to come back if they want to keep profit up and grow for the future.

Looking for the next big gold mine seems like a cheap way to get back in the market. No other Australian asset's, dollar for dollar offer such value and are as close to one of it's main Aus assets.  

And why and how does dropping 80-100m not make crazy sense as it's nothing for Newmont for what they get.
or buying 19.99% would cost them only 3M.

The second that gets confirmed...ABM is 20+ cents...2 of the largest gold miners in Australia, fighting over 20,000 kms. Come on...Newmont's CEO should get fired for atleast not dropping 3M after the company stock increased over 700M in 1 trading day.

Read it yourself and you figure it out.

(This was just from last year)
http://www.smh.com.au/business/mini...e-despite-sliding-prices-20150724-giju5x.html